FORCS Co.,Ltd. (KOSDAQ:189690)

Total Valuation

FORCS has a market cap or net worth of KRW 56.56 billion. The enterprise value is 32.17 billion.

Market Cap	56.56B
Enterprise Value	32.17B

Important Dates

The next estimated earnings date is Thursday, November 13, 2025.

Earnings Date	Nov 13, 2025
Ex-Dividend Date	Jun 27, 2025

Share Statistics

FORCS has 26.37 million shares outstanding. The number of shares has decreased by -2.98% in one year.

Current Share Class	26.37M
Shares Outstanding	26.37M
Shares Change (YoY)	-2.98%
Shares Change (QoQ)	-1.09%
Owned by Insiders (%)	52.39%
Owned by Institutions (%)	n/a
Float	12.55M

Valuation Ratios

The trailing PE ratio is 12.06.

PE Ratio	12.06
Forward PE	n/a
PS Ratio	1.72
PB Ratio	0.75
P/TBV Ratio	0.78
P/FCF Ratio	8.72
P/OCF Ratio	8.50
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 6.21, with an EV/FCF ratio of 4.96.

EV / Earnings	7.07
EV / Sales	0.98
EV / EBITDA	6.21
EV / EBIT	7.67
EV / FCF	4.96

Financial Position

The company has a current ratio of 6.09

Current Ratio	6.09
Quick Ratio	5.65
Debt / Equity	n/a
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 6.09% and return on invested capital (ROIC) is 3.68%.

Return on Equity (ROE)	6.09%
Return on Assets (ROA)	3.46%
Return on Invested Capital (ROIC)	3.68%
Return on Capital Employed (ROCE)	5.82%
Revenue Per Employee	177.78M
Profits Per Employee	24.60M
Employee Count	185
Asset Turnover	0.41
Inventory Turnover	33.84

Taxes

Income Tax	-681.35M
Effective Tax Rate	n/a

Stock Price Statistics

The stock price has decreased by -7.05% in the last 52 weeks. The beta is -0.22, so FORCS's price volatility has been lower than the market average.

Beta (5Y)	-0.22
52-Week Price Change	-7.05%
50-Day Moving Average	2,211.00
200-Day Moving Average	2,202.50
Relative Strength Index (RSI)	41.03
Average Volume (20 Days)	126,479

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	n/a

Income Statement

In the last 12 months, FORCS had revenue of KRW 32.89 billion and earned 4.55 billion in profits. Earnings per share was 177.85.

Revenue	32.89B
Gross Profit	20.12B
Operating Income	4.40B
Pretax Income	3.86B
Net Income	4.55B
EBITDA	5.38B
EBIT	4.40B
Earnings Per Share (EPS)	177.85

Balance Sheet

The company has 24.41 billion in cash and n/a in debt, giving a net cash position of 24.41 billion or 925.84 per share.

Cash & Cash Equivalents	24.41B
Total Debt	n/a
Net Cash	24.41B
Net Cash Per Share	925.84
Equity (Book Value)	75.17B
Book Value Per Share	2,849.83
Working Capital	26.09B

Cash Flow

In the last 12 months, operating cash flow was 6.65 billion and capital expenditures -171.39 million, giving a free cash flow of 6.48 billion.

Operating Cash Flow	6.65B
Capital Expenditures	-171.39M
Free Cash Flow	6.48B
FCF Per Share	245.88

Margins

Gross margin is 61.17%, with operating and profit margins of 13.38% and 13.84%.

Gross Margin	61.17%
Operating Margin	13.38%
Pretax Margin	11.75%
Profit Margin	13.84%
EBITDA Margin	16.36%
EBIT Margin	13.38%
FCF Margin	19.71%

Dividends & Yields

This stock pays an annual dividend of 50.00, which amounts to a dividend yield of 2.30%.

Dividend Per Share	50.00
Dividend Yield	2.30%
Dividend Growth (YoY)	n/a
Years of Dividend Growth	4
Payout Ratio	29.95%
Buyback Yield	2.98%
Shareholder Yield	5.28%
Earnings Yield	8.05%
FCF Yield	11.46%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on June 30, 2023. It was a forward split with a ratio of 3.

Last Split Date	Jun 30, 2023
Split Type	Forward
Split Ratio	3

Scores

FORCS has an Altman Z-Score of 8.49 and a Piotroski F-Score of 5.

Altman Z-Score	8.49
Piotroski F-Score	5